40A — January 29 - February 11, 2016 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers

COA appoints John Sorrenti as Chancellor

Village Green in Morris County, New Jersey Gebroe-Hammer Associates arranges $175 million trade

Princeton, NJ — John R. Sorrenti, FAIA , founder and president of JRS Archi-

the AIA National. Sorrenti received a Lifetime Achieve- ment Award from the AIA Long Island Chapter in 2008. Sorrenti served six years as the National Chair for AIA College of Fellows Regional Represen- tatives and a three year term as Regional Director on the National Board for NCARB. Through Sorrenti’s efforts, his firm has grown from six people starting in 1986 to over twenty people today. JRS has developed design expertise in the corporate, education, fi- nancial, healthcare, hospitality and retail markets. Additional- ly under Sorrenti’s leadership in 2007, JRS created a wholly owned subsidiary that special- izes in Historic Preservation. Sorrenti earned a Bachelor of Science in Architectural Tech- nology and a Master of Busi- ness Administration from the New York Institute of Technol- ogy and Master of Architecture degree from Ohio University. The College of Fellows, founded in 1952, is composed of members of the American Institute of Architects who are elected to Fellowship by a jury of their peers. Fellow- ship is one of highest honors the AIA can bestow upon a member. Elevation to Fellow- ship not only recognizes the achievements of architects as individuals, but also elevates before the public and the pro- fession those architects who have made significant contri- butions to architecture and to society. n vinyl windows in various styles for Glen Oaks Village,” said Robert Dorsky, Crystal sales representative and project manager for the Glen Oaks window replacement effort. “The project took over a year to complete, supplying windows for over 2,900 co-op apartment units in 134 separate low-rise buildings. We worked closely the entire time with the co-op board and installation contrac- tor Dun-Rite to keep things going smoothly and minimize disruptions for the residents.” “This project demonstrates not only Crystal’s superior energy efficient products for replacement applications, but also the company’s ability to reliably supply a substantial number of units over an ex- tended time frame for a spe- cific project,” said Steve Chen , COO for Crystal Windows. n

ount Olive, NJ — Gebroe-Ham- mer Associates represented the seller and the buyer, SDK Apartments , in the $175 million trade of 1,172 garden-apartment units and an adjacent 91,330 s/f retail center at Village Green. The brokerage team of Greg Pine, executive vice president; Stephen Tra- gash , senior vice president; and Joseph Brecher , man- aging director, arranged the 76-building mixed-use sale. “Village Green Apartments and Village Green Center are exceptional properties span- ning more than 105 acres in Morris County, a major residential/retail/commercial hub,” said Pine. “As part of the thriving Mount Olive/ New Jersey Foreign Trade submarket, Village Green offered an extremely rare op- portunity to acquire a pillar for garden-apartment home communities in Northern New Jersey. The property is known for its distinct interi- ors; first-class lifestyle ame- nities; scenic landscape; and access to major employment centers like Parsippany, Mor- ristown and New York City.” Village Green Apartments is comprised of 781 one-bed- M

tect, P.C. in P r i n c e t o n , ha s b e gun his new role as the 54th Chancellor of the College of Fellows for the Ameri- can Insti-

John R. Sorrenti

tute of Architects (AIA) . He was inaugurated in Washing- ton, DC. The members of the College of Fellows elected Sorrenti cit- ing his proven leadership and outstanding contributions to both the AIA and architecture profession as a whole. The function of the College of Fel- lows is to promote the purposes of the AIA and to advance the profession of architecture, as well as to provide services to society. “It is this love for architec- ture that ignites and energizes each of us to move our practice forward and we must sustain this energy and passion for future generations,” said Sor- renti at his inauguration. With forty years of experi- ence, Sorrenti has covered the full spectrum of the design profession, designing many buildings from the ground up as well as numerous relocation and interior design projects. He has held numerous elected positions at the AIA including president of AIA New York State and vice president of FLUSHING, NY — Na- tional manufacturer Crystal Window & Door Systems recently earned another ac- colade for its window products from the Queens Chamber of Commerce. Since 1926, the Queens Chamber of Commerce has hosted the Annual Building Awards program recognizing outstanding new construction and renovation in the Borough, and this year Crystal was awarded a special honor. The Superior Fenestra Award in the Multi-Family Rehabilitation category was presented to Glen Oaks Village, one of the largest multi-family communities in Queens, and Crystal Windows. The Glen Oaks Village window replacement project was one of the largest in the New York metropolitan area. “Crystal supplied over 20,000 energy efficient aluminum and

Village Green

room/1 bath; 157 one-bedroom with den/1 bath; and 234 two- bedroom/1 bath apartment homes. Hardwood floors, a balcony or patio and air conditioning are among the unit features. Tenants-only lifestyle amenities include a six-hole Par 3 golf course, two pools, tennis courts, ball fields, skate park, playground and basketball and volleyball courts. The community’s oc- cupancy at the time of sale was 98 percent. Village Green Shopping Center, anchored by a 30,000 s/f Home Goods, has a di- verse tenant roster of local, regional and national retail- ers, including PNC Bank and Dunkin Donuts. At the center of Mount Olive’s 31 square miles is the International Trade Center, a 684-acre office/distribution/light as- which will in turn enhance leasing success and bottom line performance. Marcy Gross is executive vice president of Sheldon Gross Realty of West Or- actions according to several communications I was privy to. EPA publicly stated at a fall stakeholders meeting held at the National Association of Home Builders (NAHB) offices in Washington DC that since EPA’s RRP Rule has been in force for 6 years, they are going to transition from a compliance assistance mode to an enforce- ment mode. Numerous entities including Lowes Home Im- provement have already been the subject of an EPA RRP en- forcement action and according to the statement made, “This is only the beginning.” HUD is also sending the message that compliance enforcement is going to be a primary object of their 2016-2017 program. Over the last several months,

sembly/warehouse complex that has prompted popula- tion and commercial growth within the western part of the county during the past 20 years. Numerous multi- national companies now call the township home and have attracted a well-educated workforce and professional tenant base. “Since being built in the 1980s, Village Green has recorded historically strong occupancy rates while set- ting the standard for on- site amenities and nearby lifestyle services at Village Green Center,” added Pine. “The buyer plans to continue a capital improvement pro- gram that includes kitchen and bath renovations imple- mented by the seller in order to render the community even more competitive.” n ange, NJ. She has been in the real estate industry for 27 years and has over 20 years of experience in property management and tenant relations. n HUD’s office of Healthy Homes and Lead Hazard Control has sent out hundreds of letters to their portfolio of Government Subsidized housing programs requesting support documen- tation of compliance. Those who don’t properly document compliance in accordance with HUD’s Lead Safe Housing Rule (24 CFR Part 35) and other HUD obligations, will become the basis for a HUD enforce- ment action according to inside sources. For more insight or further discussion of these and other 2016 environmental industry trends email LEWCorporation at info@lewcorp.com. Lee E Wasserman, presi- dent and CEO of LEWCor- poration. n

continued from page 27A Some things change and some remain the same in the . . .

Crystal Windows key to award-winning project

utilizing proven techniques, as well as embracing innovations and technology, property man- agers can offer landlords and tenants greater satisfaction,

continued from page 36A Environmental industry trends for 2016 . . .

senters that there will be a dual training opportunity program. Most likely, EPA will propose a live instruction or on-line instruction opportunity, with potential for more regulatory and other professional value being offered for taking the live class, such as potentially 2 extra years on your certifi- cation, hands on in new RRP acceptable technologies, live instructor mentoring program. Beginning this winter and into 2016 and beyond, make sure you don’t let your firm or super- visor certifications lapse! You can go to www.RRPTrainer. com for training location’s and dates. 2016 is going to be a year of Government Enforcement

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